Page 67 of Banking

India, New Zealand discuss introduction of UPI

The issue was taken up at the meeting between commerce and industry minister Piyush Goyal and New Zealand minister of…

August 30, 2023 01:30 IST

Religare Finvest approaches RBI for removal from PCA list

Religare Finvest underwent management change after former promoters allegedly engaged in financial misappropriation of funds.

August 30, 2023 00:45 IST

Stiff FLDG rules: BNPL players tighten underwriting standards

“Now that the capping has come in, the risk appetite has reduced significantly because it is only one in 20…

August 30, 2023 00:30 IST

Mphasis: Growth to rebound in FY25; Driving incremental efforts to stimulate growth engines

BFS continues to be an anchor vertical for MPHL.

August 29, 2023 03:00 IST

PSU banks focus on expanding start-up branch network

SBI, BoB, Bank of India and Indian Bank actively opening startup branches

August 29, 2023 01:30 IST

Extension proposal only for select MDs and CEOs at PSBs

That’s the reason, the government would likely give an extension to current SBI chairman Dinesh Khara later this month till…

August 28, 2023 02:30 IST

Kotak Mahindra Bank, Kotak Mahindra Bank Q3 results, quarter earnings, profit, revenue, income, NII, NIM, asset quality

Gap funding needed: Kotak Mahindra Bank CEO Uday Kotak

“We have no choice but to go beyond capital that expects returns. Capital that is ready to take losses; this…

Updated: August 27, 2023 12:34 IST

SBI chief Dinesh Khara likely to get extension as govt mulls relaxing retirement age of PSB heads, MDs

Veteran banker Khara took over as the chairman of SBI in October 2020 for three years.

August 26, 2023 21:08 IST

RBI NBFC latest news, RBI latest news, NBFC, RBI, RBI and NBFC

RBI asks NBFCs to strengthen governance standards

In a meeting with managing directors and chief executive officers of upper layer non-bank lenders, the apex bank discussed risks…

August 26, 2023 03:45 IST

Infra issues make implementation of lockable cassette difficult

In 2018, RBI asked banks to use lockable cassettes in their ATMs, which shall be swapped at the time of…

August 26, 2023 00:05 IST

No stress in credit card business: HDFC Bank’s Parag Rao

The data comes amid buzz that Reserve Bank of India (RBI) is uncomfortable with the spike in unsecured loans in…

August 25, 2023 05:00 IST

Genus Power Infrastructures, order, AMISPs, order volumes, Smart Prepaid Meters, energy sector, manufacturing

Banking sector posts 16.2% growth in credit offtake in Q1, FY24 outlook remains positive, says CareEdge

During Q1FY24, NII of public sector and private sector banks, CareEdge said, grew by 26.7 per cent and 26.3 per…

August 24, 2023 17:18 IST

Indian banks, S&P global, S&P Gloibal on Indian Banks, Indian Banks latest news, banking news

Indian banks’ dividend to rise to at least 7-year high in FY24 – S&P report

India’s brisk economic activity will likely “sustain high credit growth,” resulting in “excellent” earnings forecasts for banks,” Tusharika Aggarwal, a…

August 24, 2023 17:09 IST

Suryoday in no hurry to apply for a banking license

Babu said Suryoday SFB currently has excess PSL on its book in each loan segment and thus faces no challenges…

August 24, 2023 01:00 IST

Kotak Mahindra Bank, Kotak Mahindra Bank growth, Kotak Mahindra Bank green deposits, Kotak Mahindra Bank business accounts,

Kotak Bank targets 100K user base for arm Fyn by FY24-end

It is a one stop digital platform that takes care of all business banking needs of corporate customers such as…

August 23, 2023 01:00 IST

food prices, inflation, price hike, RBI, interest rate, rate hike, consumer price index, tomato imports, supply shortages, policy tightening, monsoon, rural demand

India’s banking system liquidity slips into deficit first time in FY24

Banking system liquidity stood at a deficit or 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI…

August 22, 2023 10:37 IST

Citi considers plan to split Institutional Clients Group in overhaul

The plan would split the Institutional Clients Group into its three primary business segments: investment and corporate banking, global markets…

August 21, 2023 10:55 IST

Banking at a crossroads: Organisational set-up at most banks doesn’t let younger talent lead as the expert talent

In the ever-evolving landscape of finance, traditional high-street banks find themselves at a crossroads.

August 19, 2023 04:00 IST

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Two-wheeler sales rise 9% in September to over 2 million

Industry-235 min ago

Two-wheeler manufacturers saw a 9% increase in dispatches to dealerships in September, thanks to the cut in GST rates and the start of the Navratri season. Hero MotoCorp, Royal Enfield, TVS Motor, and Bajaj Auto all saw growth in their volumes, with Royal Enfield leading the pack with a 43% surge. However, some demand was held back due to lack of discounts and extended monsoon.

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